According to a report published by the Press Trust of India, Minister for Road Transport & Highways of India; Nitin Gadkari has confirmed that the much-awaited Vehicle scrapping policy which has been on feedback since past January will soon come into effect.
Nitin Gadkari said “India will soon get its vehicle scrappage policy. The highly-awaited policy is awaiting final clearance from the finance ministry. The policy will focus on scrapping old polluting vehicles plying in the country. Once approved, the policy will be applicable on all vehicles including two-wheelers and three-wheelers. The Union Minister also mentioned that this policy will help boost the automobile sector and it will also help in reducing the production cost. The vehicle scrappage policy was earlier sent for an additional consultation with stakeholders on the direction of the Prime Minister’s Office (PMO).’
He also went on to say that the transport ministry is all set to extend the compliance timeline on the regulations on the Motor Vehicles Act which will exclude the existing road safety act.
Additionally, during a video conference with SIAM (Society of Indian Automobile Manufacturers) regarding the current Coronavirus situation Gadkari said “The scrapping policy will be finalised soon. It is going to boost the industry. It is going to reduce the production cost. Yesterday also, I discussed with the Secretary and we will make it as early as possible.”
Suggested Read: Vehicle Scrapping Policy Out For Public Feedback
Not only that the central government has also proposed that the registration fees for most newly purchased vehicles and assignment of the new registration mark could also be exempted for some time if the customer provides the designated authority with the scrapping certificate of his/er previous certificate issued by any authorised Vehicle scrapping centre.